Its CEO Ibrahim Sani said with its new mandate in May, Yayasan Peneraju will discontinue its “Peneraju Tunas” and “Peneraju Spesialis” programmes and instead focus on its “Peneraju Profesional”, “Peneraju Teknologi” and “Peneraju Skil” programmes.
“This shift aligns with our objective of transforming Bumiputera talents into value creators,” he told FMT in an interview.
He said the skills or technical and vocational education and training programme will be rebranded to offer new opportunities within five high-growth, high-value (HGHV) industries.
Such HGHV sectors include energy transition, technology and digital, high-value electrical and electronics, future agriculture, and rare earth industries.
Ibrahim also said there will be changes in the talent selection process, which has historically been managed solely by programme managers and partners since the agency’s inception.
“If our role is merely to pay programme managers and leave the selection process to them, it shows we lack control over who is chosen. From now on, we will select these talents ourselves in collaboration with the programme managers,” he said.
“Our goal is to develop Bumiputera talents not only as value enhancers but as genuine value creators,” he added.
Smart and innovative collaboration
On May 20, economy minister Rafizi Ramli announced the realignment of three Bumiputera-mandated agencies under the supervision of his ministry, in line with the government’s goal to empower and boost the economic participation of the community.
He said this would be achieved through smart and innovative collaboration between the public and private sectors, in line with the Madani government’s priorities of inclusivity, effectiveness and sustainability.
Besides Yayasan Peneraju, the other agencies involved in the exercise are the Bumiputera Agenda Steering Unit (Teraju) and Ekuiti Nasional Bhd (Ekuinas).
Rafizi said that through the realignment, Yayasan Peneraju, Teraju and Ekuinas would play a special role in the Bumiputera entrepreneurial ecosystem.
Commenting further, Ibrahim emphasised that Yayasan Peneraju will focus on talent development, while Teraju and Ekuinas will concentrate on entrepreneurship, enhancing Bumiputera equity and providing financial support for businesses.
“This ‘funneling system’ integrates all three agencies under one roof within the economy ministry. We hope this proves to be an effective formula,” he said.